FLOYD MAYWEATHER SUES SHOWTIME AND STEPHEN ESPINOZA

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Floyd Mayweather filed a lawsuit against Showtime Networks and its former sports president Stephen Espinoza. 

The lawsuit alleges $340 million of his career earnings was misappropriated. The complaint accuses Showtime and Espinoza of acting as enablers in a fraud that allegedly funneled money away from Mayweather’s personal accounts.

Mayweather claims that funds generated were routed directly into accounts controlled by Al Haymon rather than being paid to the fighter. The suit specifically targets several causes of action, including “aiding and abetting breach of fiduciary duty, civil conspiracy to commit fraud, conversion, and unjust enrichment.”

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The Lawsuit

Central to the dispute are Mayweather’s two highest-grossing fights: the 2015 against Manny Pacquiao and the 2017 bout with Conor McGregor. The lawsuit alleges that despite these bouts, Mayweather’s final compensation did not reflect the actual revenue generated. 

While Al Haymon is not currently named as a defendant in this specific filing, legal action could follow. Mayweather’s attorney, Bobby Samini, has stated that the retired 50-0 champion is prepared to “go the distance” in the courtroom to recover the funds he rightfully earned.

“Floyd is one of boxing’s biggest pay-per-view draws. He generated hundreds of millions of dollars in revenue for Showtime. Mr. Mayweather now takes this fight to the courtroom to recover what he rightfully earned. Retiring undefeated at 50-0, Mr. Mayweather will go the distance in the courtroom just as he has in the ring,” Bobby Samini (Mayweather’s attorney)

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Finances

The filing comes after Mayweather denied claims he was broke, as the boxer continues to face scrutiny over his finances. 

“I work hard to build my name, to build my reputation, and I’m not going to let anyone go out there and speak my name or talk bad about me, my family, or my companies. Everybody is entitled to their own opinion. If we call having two private jets, owning a hundred buildings, and being able to do what you want bankrupt, then I’m pretty sure everybody wants to live like that,” Mayweather stated

- Boxing News 

WHY IS CANELO FIGHTING MUGUIA? WHAT ABOUT BENAVIDEZ? CHARLO?

Super middleweight undisputed champion Canelo Alvarez, above, will fight Jaime Munguia on May 4 at T-Mobile Arena in Las Vegas. Sarah Stier/Getty Images

 The latest winner of the Canelo Alvarez sweepstakes is Jaime Munguia, who beat out Jermall Charlo and Edgar Berlanga to land a May 4 fight in Las Vegas against boxing's top star. With that fight comes a chance at boxing championship glory, and of course, the biggest payday of Munguia's career.

Munguia (43-0, 34 KOs) enters the undisputed super middleweight championship bout on the heels of a career-best performance, a ninth-round TKO victory over John Ryder in January. Munguia has improved greatly under the guidance of Hall of Fame trainer Freddie Roach.

And now he'll meet his countryman on Cinco de Mayo weekend. Canelo-Munguia is the first all-Mexican showdown for a title above 160 pounds.

How did Canelo (60-2-2, 39 KOs) select Munguia? What lies ahead for Canelo now that he's back in the fold with PBC for at least one fight? Let's dive into it:

Does Munguia have any realistic shot of beating Canelo?

Jaime Munguia, left, defeated John Ryder by ninth-round TKO in January. Cris Esqueda/Golden Boy/Getty Images

Munguia is a worthy opponent and arguably earned his shot after the way he defeated Ryder. In comparison, Canelo wasn't able to finish Ryder last May and went the distance, though he did break the Englishman's nose and handed him a comprehensive 12-round beating.

And there's little doubt that Canelo softened up Ryder for Munguia. Nonetheless, Munguia capitalized. His defense was his biggest flaw as he built up his record, a flat-footed pressure fighter who relied on power shots. But against Ryder, Munguia was far more defensively responsible.

He held his guard up tight and used his jab much more effectively in that fight in January. Munguia boxed on his toes more, too. He's come a long way since his days as a 154-pound titleholder and appears to be steadily improving with each bout.

Naturally, it's one matter to box with discipline against a fighter like Ryder, a world-class boxer who retired afterward. It's quite another to do so with success against one of the sport's elite.

While Munguia's defense is much improved at age 27, it's still a weakness. He's often wide open for countershots, which should make him an easy target for Canelo's power punches.

Canelo's hand and foot speed will be disparate, too, as is experience. Canelo has shared the ring with all-time greats such as Floyd Mayweather, Gennadiy Golovkin (36 rounds) and Miguel Cotto. Sixty rounds with those boxers alone.

Munguia's toughest opponent, meanwhile, was Ryder.

Munguia could find success early in the fight; he has the adequate size and strength to compete with Canelo. But once Canelo finds his timing against the slow-footed Munguia, he should be able to land his vaunted power-punch combinations at will, when Munguia's chin will be truly tested for the first time.

At 33, Canelo remains boxing's top star and is rated the No. 4 pound-for-pound fighter by ESPN. He opened up as a -650 favorite, per ESPN BET.

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